SOURCE: Takedown Entertainment Inc.

Takedown Entertainment Inc.

August 17, 2011 10:59 ET

Takedown Entertainment Signs Agreement With Fight Night Entertainment

LONDON--(Marketwire - Aug 17, 2011) - Takedown Entertainment Inc. ( (OTCBB: TKDN), an authority in the business of mixed martial arts, is pleased to announce that it has signed a Letter of Intent to acquire worldwide distribution rights to past and future MMA fights with Fight Night Entertainment, plus certain rights to the brand and sponsorship representation.

Fight Night Entertainment (FNE) was established in 2008 in Washington State as both an amateur and professional MMA promotion by Riad Youssef. The organization started as a way to showcase fighters from the gym, West Coast Fight Club, which was growing in membership and fight contenders. To date, FNE has produced 16 events featuring former Ultimate Fighting Championship (UFC) athletes Mario Miranda, Kit Cope and Strikeforce contender Ryan Couture, son of UFC Hall of Famer Randy Couture. FNE is solidifying itself as fundamental component of the growth of mixed martial arts in the Pacific Northwest.

"The sport of MMA is the fastest growing sport surpassing professional wrestling, boxing, and soccer," stated FNE President Riad Youssef. "MMA started taking over as a universal sport from day one and we all knew that this was only the beginning. We at FNE are continually working hard in building our organization's brand, production and talent pool, and within 3-5 years FNE will also be one of the largest PPV [pay-per-view] MMA promotions in the world. Since we've now partnered with Takedown, the timing is perfect. Takedown's resources will help us execute our goals and their expertise will ensure that our hard work pays off."

About Takedown Entertainment

Headquartered in London, UK with offices in Beverly Hills, California, Takedown Entertainment Inc. is a sports entertainment company with subsidiaries involved in the acquisition, production, distribution and marketing of mixed martial arts (MMA) programming, content and licensed products for North American and International markets.

Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: this release may contain forward-looking statements that are affected by known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed, implied or anticipated by such forward-looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.

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